Cupid slumps after Q4 PAT skids 38% to Rs 6 cr : vimarsana.c

Cupid slumps after Q4 PAT skids 38% to Rs 6 cr


Cupid fell 6.87% to Rs 231.15 after the company's standalone net profit dropped 38% to Rs 6.47 crore on 4.1% decline in net sales to Rs 39.60 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax tanked 39.9% to Rs 8.36 crore in Q4 FY21 as against Rs 13.92 crore in Q4 FY20. EBITDA dropped 38.83% to Rs 9.04 crore as compared to Rs 14.78 crore during the corresponding period of previous year. EBITDA margin stood at 22.8% in Q4 FY21 as against 35.8% in Q4 FY20. The Q4 earnings was declared post market hours yesterday, 3 June 2021.
The exports in Q4 FY21 was at 75% of the total revenue over 86% during Q4 FY20. Domestic sale stood at 25% which includes contribution from vitro diagnostic device (IVD) sale as against 14% in Q4 FY20. The product mix in Q4 FY21 for male condoms (MC) margin was at 53% as compared to 31% in Q4 FY20. Female condoms (FC) margin stood at 29% during the quarter over 68% in Q4 FY20. The Jelly, Hand sanitizer, Hair Removal, Sale of raw material category remained stagnant at 1% during both Q4 FY20 as well as Q4 FY20, while IVD sale stood at 17%.

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